Funding led by 7RIDGE’s Ecosystem Impact Fund with participation from Vestigo Ventures
PactFi, the only secure, end-to-end operational platform for private credit, announced it has raised $25 million in Series A funding led by 7RIDGE Ecosystem Impact Fund (EIF), with participation from Vestigo Ventures.
As the private credit market in the U.S. has nearly tripled in the last decade, growing from approximately $550 billion in 2016 to roughly $1.7 trillion in 2026 – with projections to reach $3.5 trillion by 2028 — operational complexity has accelerated just as quickly. Yet many firms continue to manage mission-critical workflows through fragmented systems, email chains, and spreadsheets.
PactFi was founded by industry practitioners who experienced firsthand how disconnected tools introduced risk, inefficiency, and control gaps across the transaction lifecycle. The platform provides cross-counterparty workflows within a shared operating environment, capturing and structuring data across the private credit lifecycle, and enabling straight-through processing with centralized visibility.
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In doing so, PactFi functions as a system-of-record infrastructure for private credit – consolidating workflows, data, and controls into a unified execution layer that scales alongside the firms it serves.
Since launching in 2023, PactFi has processed more than $300 billion in deal volume across more than 250 counterparties. It has more than 2,600 users, representing over 3,000 fund entities. It already supports eight of the top 20 credit asset managers, representing a combined $3.4 trillion in assets under management (AUM), and all of the top 20 have participated on the platform as lenders.
“Private credit remains weighed down by fragmented, manual processes that create unnecessary friction and risk,” said Carsten Kengeter, CEO of 7RIDGE. “PactFi is reimagining this infrastructure by creating a network that seamlessly syndicates private credit loans, automates workflows, and delivers institutional-grade data, analytics, and reporting. We see PactFi as a foundational platform for the next phase of growth in private markets.”
“We’re scaling in lockstep with our clients and the broader private credit market,” said Emma Zhang, founder and CEO of PactFi. “As transaction volume, oversight, and counterparty coordination grow more complex, firms need infrastructure that strengthens control without slowing execution. This funding allows us to deepen PactFi’s role as the system of record where private credit workflows, data, and risk controls live.”
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With the new capital, PactFi will capitalize on its first-mover advantage and accelerate its role as core infrastructure for the private credit ecosystem by investing across four key areas:
- Product Expansion: Expanding workflow coverage beyond deal close and further across the asset lifecycle, including post-close servicing and secondary transfers. These enhancements will broaden PactFi’s system-of-record capabilities and bring additional counterparties into a shared operating model.
- Accelerated Go-To-Market Growth: Deepening industry relationships and expanding adoption across existing counterparties and service providers, including administrative agents. As more firms operate within the same shared environment, PactFi strengthens its position as collaborative infrastructure for the ecosystem.
- Continued R&D and AI Integration: Integrating AI directly within credit-specific workflows inside PactFi’s core system of record, reducing manual processes and operational risk while enhancing execution efficiency at scale. Rather than deploying standalone point solutions, automation will occur within the execution layer itself.
- Team Expansion: Expanding product, engineering, and client-facing teams to support continued innovation, onboarding, and ecosystem growth. (The company is actively hiring across product, engineering, and client-facing roles.)
“When we see strong market momentum and excellent leadership paired with disciplined execution, we’re excited to support continued growth,” said Mark Casady, founder and general partner at Vestigo Ventures. “PactFi has a strong lead in the effort to provide the operational foundation that will help private credit firms reduce operational risk while improving productivity — capabilities that become increasingly important as the market scales.”
As institutional participation in private credit continues to expand, operational resilience and auditability are becoming as critical as performance. PactFi’s ISO 27001 certification and SOC 2 Type II attestation underscore its commitment to providing enterprise-grade security and governance infrastructure.
